Xiaomi Shares Surge to Record Highs Following Strong Response to New EV Undercutting Tesla
Shares of China’s Xiaomi, listed in Hong Kong, jumped more than 5% on Friday, reaching a record high just one day after the company unveiled its new electric vehicle that…
Federal Judge Rules in Favor of Meta in Copyrighted Books AI Training Lawsuit
A federal judge sided with Meta on Wednesday in a lawsuit filed by 13 authors, including Sarah Silverman, who alleged the company unlawfully trained its AI models using their copyrighted…
Meta Skips SF Pride as Tech Industry Pulls Back from Public LGBTQ+ Support
Meta CEO Mark Zuckerberg once personally ensured Facebook’s participation in San Francisco Pride, the largest LGBTQ+ parade and a symbol of advocacy and social justice. In 2015, when Facebook’s real-name…
Amazon to Invest Over $4 Billion to Expand Prime Delivery in Rural US Areas
Amazon announced on Tuesday that it is expanding its Same-Day and Next-Day delivery services to more than 4,000 small cities and towns across rural America. This expansion will bring faster…
TikTok’s Parent Company ByteDance Closes Brief Book Publishing Arm
ByteDance, the parent company of TikTok, is winding down its book publishing imprint, 8th Note Press, according to industry reports. The press was launched in 2023 as an extension of…
Apple Considers Partnership with Perplexity AI Amid Siri Delays
While Apple remained silent on AI during its WWDC 2025 keynote, Bloomberg reports that internally, the company is actively exploring options to strengthen its AI capabilities. Discussions led by Apple’s…
Tesla Secures First Contract to Build China’s Largest Grid-Scale Battery Power Plant
Tesla has signed its first deal to build a grid-scale battery power plant in China, marking a significant move amid ongoing trade tensions between Beijing and Washington. The U.S. company…
Meta Tried to Acquire Ilya Sutskever’s $32 Billion AI Startup, Now Plans to Hire Its CEO
After Meta’s $14.3 billion investment in Scale AI last week, which included hiring founder Alexandr Wang, the company’s aggressive AI talent push has expanded to include Daniel Gross, CEO of…